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Global Core Materials for Composites Market - Segmented by Product Type, End-User Industry, and Geography - Growth, Trends and Forecasts (2018 - 2023)

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  • 159 Pages
  • February 2018
  • Region: Global
  • Mordor Intelligence
  • ID: 4470261
The global core materials for composites market is expected to register a CAGR of 7.63% during 2018 to 2023 (the forecast period). Asia-Pacific accounted for the largest share, accounting to more than 35% of the global market in 2017, and is likely to be the fastest -growing region through the forecast period.

Growing Demand for PVC Foam

PVC foam is expected to be the fastest-growing sub-segment, under the foam core segment of the composite material market. PVC foams are closed-cell, lightweight, high strength, moisture resistant, and have superior physical properties compared to other foams of similar density. Increasing demand for complex lightweight systems from the aerospace and wind energy industries, and low water absorbance materials in marine construction are expected to drive the market for PVC foam, through the forecast period 2018-2023.

Emerging Applications in the Automotive Market

The automotive industry was primarily expected to drive the growth in the global core material for composites market in 2017. Depleting oil resources led to increased oil prices globally, thereby, boosting the demand for lightweight and fuel efficient vehicles in the global market. The increasing demand for such vehicles globally, encourages the application of composite materials in the industry, which is expected to drive the demand for core materials for composites, over the forecast period.


Asia-Pacific accounted for the largest share, accounting to more than 35% of the global market in 2017. The market for Asia-Pacific is expected to dominate the market for core materials for composites, due to the growth of the end-user industries and uses of lightweight composite in aerospace & defense and automotive industries for benefits, such as reducing weight, increasing fuel economy, and other performance-related aspects.

Key Developments in the Market
  • February 2017: TenCate Advanced Composites is planning to launch the next generation of fiber reinforced composite materials, TenCate Cetex TC1225, TenCate TC380, and TenCate E732, for aerospace and high-performance industrial applications.


Reasons to Purchase this Report
  • Current and future global core material for composites market outlook in the developed and emerging markets

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis

  • The segment that is expected to dominate the market

  • Regions that are expected to witness fastest growth during the forecast period

  • Identify the latest developments, market shares and strategies employed by the major market players

  • 3 months analyst support, along with the Market Estimate sheet (in excel).

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Table of Contents

1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Growing Demand from Wind Energy
4.1.2 Increasing Use of Composites in the Aerospace End-Use Industry
4.1.3 Emerging Applications in the Automotive Market
4.1.4 Weight Saving, Fuel Economy and Other Performance Benefits Will Fuel the Growth of Composites
4.2 Restraints
4.2.1 Highly Capital-Intensive Market
4.2.2 Lack of Economical Manufacturing Processes for Bulk Volume Applications
4.3 Opportunities
4.3.1 Emergence of PET Foam
4.3.2 Innovations Aimed at Lowering Cost of End Products
5. Market Segmentation and Analysis
5.1 By Type
5.1.1 Foam Cores PVC Foam Polystyrene Foam Polyurethane Foam PMMA Foam SAN Co-polymer Foam Other Thermoplastics
5.1.2 Honeycombs Aluminum Honeycomb Nomex Honeycomb Thermoplastic Honeycomb Wood Balsa Others
5.2 By End-User
5.2.1 Aerospace & Defense
5.2.2 Marine
5.2.3 Construction
5.2.4 Wind Energy
5.2.5 Automotive
5.2.6 Consumer Goods
5.2.7 Others
6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Australia & New Zealand
6.1.7 Rest of APAC
6.2 Europe
6.2.1 Germany
6.2.2 UK
6.2.3 France
6.2.4 Italy
6.2.5 Spain
6.2.6 Rest of Europe
6.3 North America
6.3.1 USA
6.3.2 Canada
6.3.3 Mexico
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.4 Rest of South America
6.5 The Middle-East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of MEA
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures Collaborations and Agreements
7.3 Market Shares Analysis**
7.4 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials** Products & Services, and Recent Developments)
8.1 Diab International AB
8.2 3A Composites
8.3 Gurit Holding AG
8.4 Changzhou Tiansheng New Materials Co. Ltd
8.5 Armacell International S.A.
8.6 Hexcel Corporation
8.7 Euro-Composites S.A.
8.8 The Gill Corporation
8.9 Plascore Incorporated
8.10 Evonik Industries AG
8.11 Saertex GmbH & Co.KG
*(List Not Exhaustive)
9. Disclaimer

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Diab International AB

  • 3A Composites

  • Gurit Holding AG

  • Changzhou Tiansheng New Materials Co. Ltd

  • Armacell International S.A.

  • Hexcel Corporation

  • Euro-Composites S.A.

  • The Gill Corporation

  • Plascore Incorporated

  • Evonik Industries AG

  • Saertex GmbH & Co.KG